Edible Oil Price in Indore: Indore (Naiduniya Representative). The US President has indicated to postpone the bio-diesel program to prevent inflation which has reached the highest level in the US amid deepening Ukraine-Russia tensions. Along with this report, due to slowing of buying at the upper level in edible oils, CBOT soya oil has seen a strong fall of about 3.5 percent on Friday. Apart from this, there was a decline of 7.35 percent in KLC. Markets were under pressure from profit-booking due to weakness in crude oil and China markets and stocks of soya oil near US plants being the highest since April 2021. Its effect was also seen on domestic markets and Indore soybean oil declined by Rs 40 to Rs 1550-1560 per 10 kg.
Apart from this, the prices of soybeans were also said to be reduced due to the procurement of plants in soybeans not being as they should be. Plants are being purchased by reducing the price by about Rs 100-300. There has been weakness in other edible oils including soya, palm. The fundamentals of Malaysia Palm Oil are still looking strong. KLCE CPO March closed at Rs.670 6780, Apr.666 at Rs.6590, May’s 534, 6274, June 430 at Rs.6047.
Due to weak levy in groundnut oil, there was a slowdown in the price. Groundnut oil Indore fell by Rs 10 to Rs 1540-1560 per 10 kg. On the other hand, there is no arrival of mustard in the local market yet. Deals are going on in Mustard only in the goods of Gujarat. Raida sold for Rs 6600-6700 in Indore Mandi and Rs 6900-7000 in condition. Mustard trades took place from 6100 to 6200.
Cotton cake in Indore : (60 kg bharti) without tax rate – Indore 2200, Dewas 2200, Ujjain 2200, Khandwa 2175, Burhanpur 2175 Rs. Soybean DOC spot 58000 to 62000 ton.
Plant Price Soybean : Avi 7500, Prakash 7570, Betul 7500, Kriti 7500, Prestige 7500, Mahakali 7500, Saawariya 7600, Itarsi 7500, MS 7600, Dhanuka 7575, Ambika 7600, Rama 7450, Ruchi 7500 Rs.
Posted By: Prashant Pandey